Common use of Program Support Services Fees Clause in Contracts

Program Support Services Fees. 6.4.1 For Program Support Services rendered during the Term of this Agreement, other than Production Support Services and Program Administration Services, SunTrust shall pay FMC an ongoing monthly fee equal to [**]% multiplied by the Average Daily Balance, divided by [**]. SunTrust shall be invoiced on a monthly basis by the Servicer and shall remit payment to the Servicer for all Program Support Services fees incurred hereunder. 6.4.2 For Production Support Services rendered during the Term of this Agreement, FMC shall invoice SunTrust for, and SunTrust shall pay FMC, a fee equal to [**]% of the Disbursed Loan Amount in the previous month for Loans sourced through the FMC URI/URL, payable monthly in accordance with this Article 6.

Appears in 2 contracts

Sources: Loan Program Agreement (First Marblehead Corp), Loan Program Agreement (First Marblehead Corp)